Projects list

Zielona str.27, Nowy Sącz city, Poland

Project finished

Amount of funding 615 000 €

LTV 67%

Annual interest rate 12.00% - 16.00%

Total expected project return 12.00% - 15.99%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Loan for installation

Collateral Real estate pledge

Country

Poland

Investors 235

Raised:
615 000 € Goal:
615 000 €

100.00%

Project updates

Period paid

2021-08-25

The debtor has paid interest for the period 2021-08-24.

Possible period delay

2021-08-25

The debtor has informed you of the possible delay in interest payment.

Period paid

2021-07-28

The debtor has paid interest for the period 2021-07-28.

Reminder about the upcoming deadline

2021-07-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-28

The debtor has paid interest for the period 2021-06-28.

Reminder about the upcoming deadline

2021-06-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-05-31

The debtor has paid interest for the period 2021-05-28. Payment delay days: 3.

Period paid

2021-04-28

The debtor has paid interest for the period 2021-04-28.

Period paid

2021-03-29

The debtor has paid interest for the period 2021-03-28. Payment delay days: 1.

Period paid

2021-03-01

The debtor has paid interest for the period 2021-02-28. Payment delay days: 1.

Period paid

2021-01-28

The debtor has paid interest for the period 2021-01-28.

Period paid

2020-12-28

The debtor has paid interest for the period 2020-12-28.

Period paid

2020-11-30

The debtor has paid interest for the period 2020-11-28. Payment delay days: 2.

Period paid

2020-10-28

The debtor has paid interest for the period 2020-10-28.

Period paid

2020-09-28

The debtor has paid interest for the period 2020-09-28.

Business loan terms

About the loan

Amount of funding 615 000 €

LTV 67 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 25 000.00 € - fixed interest 14 %
Investing from 2 500.00 € - fixed interest 12.5 %
Investing from 7 500.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %
Investing from 75 000.00 € - fixed interest 16 %
Investing from 50 000.00 € - fixed interest 15 %

The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.

Loan term and repayment

Loan period 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-08-28

Estimated loan repayment date:* 2021-08-28

If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.

* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.

Procedure for disputes between parties to a financing transaction

The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform

Debtor

Company title UAB "Projekto savininkas"

Company registration address

J. Savickio g. 4 Vilnius Lietuva LT-01108

Project developer - PLC "Projekto owner", which specializes in the preparation of investment projects, their management, object search, development and sales. The company's shareholders and managers have developed successful real estate projects both in Vilnius and beyond in other cities and abroad. Below is a list of projects in Lithuania that were developed or participated in by the administration and owners of this project:

- Panerių st. conversion of warehouse premises into a multi-apartment residential building with administrative premises.

- Administrative building, Daugėliškio str. investment project preparation and management.

- Holiday home repair. investment project management and sales. Mokyklos street, Palanga.

- Administrative building Kauno str. investment project preparation and management.

- Wojska g. 18, Mrzeżyn Town, Gryfice County, Poland. (project funded on Nordstreet platform)

- Other real estate projects, their maintenance and administration in Vilnius, Naujamiestis and Senamestis. In Nemenčinė and Trakai.

More about the developer and business model can be found here.

Loan protection collateral

Mortgaged property

building and land plot with a value of 919 788 Eur (July 9 exchange rate). You will find more information about the valuation of the property in the attached files (in the Documents section at the bottom of the project description).

Loan collateral

After the project funds are raised, the property will be pledged in favor of investors with a first-line mortgage.

Loan to value ratio: 67%

Loan repayment

The loan is planned to be repaid by the end of the project term after the sale of the project, from the company's income or after refinancing the loan.

Current situation and business model

- The project envisages the formation of 63 new residential flats / apartments with a total area of up to 2100 m2.

- 51 newly planned residential flats / apartments are already reserved, i.e. advances have been received for them.

- The project completion date is planned for the fourth quarter of 2020.

Strengths and risks

Documents

#	File name	File type	Actions
1	Valuation-Vertinimas N.Sącz-Zielona 27-budynek A (002).pdf

Important

Nordstreet takes the following measures to ensure a safer investment:

The loan to value ratio of the project will not exceed the LTV ratio provided in the project description, including in cases when the project will be financed in stages.
If the required amount of funding is not collected before the start of the project, all investments will be returned to the investors. Upon application by the Debtor, the financing may be considered to have been successfully completed with a smaller amount collected, the financing of the project may be divided into several stages and / or the financing period of the project may be extended. In these cases, Nordstreet informs the funders and publishes the information on the completion of the project with a smaller amount, the division of the project funding into several stages or the extension of the project funding period on its website together with other information about the project.
By investing in a project, financiers acquire rights of recourse (claim rights). Nordstreet may provide the financiers with the possibility to transfer these claim rights to other users of the platform on the Secondary Market in accordance with the User Terms.
The activities of UAB Nordstreet are supervised by the Bank of Lithuania and UAB Nordstreet is included on the Public List of Operators of Crowdfunding Financing Platforms administered by the Bank of Lithuania.

About the loan

Amount of funding 615 000 €

LTV 67 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 25 000.00 € - fixed interest 14 %
Investing from 2 500.00 € - fixed interest 12.5 %
Investing from 7 500.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %
Investing from 75 000.00 € - fixed interest 16 %
Investing from 50 000.00 € - fixed interest 15 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-08-28

Estimated loan repayment date:* 2021-08-28

If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.

* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.

Procedure for disputes between parties to a financing transaction

The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform

Project updates

Period paid

2021-08-25

The debtor has paid interest for the period 2021-08-24.

Possible period delay

2021-08-25

The debtor has informed you of the possible delay in interest payment.

Period paid

2021-07-28

The debtor has paid interest for the period 2021-07-28.

Reminder about the upcoming deadline

2021-07-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-28

The debtor has paid interest for the period 2021-06-28.

Reminder about the upcoming deadline

2021-06-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-05-31

The debtor has paid interest for the period 2021-05-28. Payment delay days: 3.

Period paid

2021-04-28

The debtor has paid interest for the period 2021-04-28.

Period paid

2021-03-29

The debtor has paid interest for the period 2021-03-28. Payment delay days: 1.

Period paid

2021-03-01

The debtor has paid interest for the period 2021-02-28. Payment delay days: 1.

Period paid

2021-01-28

The debtor has paid interest for the period 2021-01-28.

Period paid

2020-12-28

The debtor has paid interest for the period 2020-12-28.

Period paid

2020-11-30

The debtor has paid interest for the period 2020-11-28. Payment delay days: 2.

Period paid

2020-10-28

The debtor has paid interest for the period 2020-10-28.

Period paid

2020-09-28

The debtor has paid interest for the period 2020-09-28.

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Zielona str.27, Nowy Sącz city, Poland

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Nordstreet takes the following measures to ensure a safer investment:

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

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Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

Need a Business Development Loan?

News

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Zielona str.27, Nowy Sącz city, Poland

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Nordstreet takes the following measures to ensure a safer investment:

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (1 stage)

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (2 stage)

Lubānas st. 133A, Riga, Latvia (5 stage)

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

Need a Business Development Loan?

News

Join the Nordstreet investor community!